Parnassus Mid Cap Growth Fund Q3 2024 Commentary - Seeking Alpha
| PFPGX Fund | 27.23 0.24 0.89% |
Slightly above 50% of Parnassus Funds' investors are presently thinking to get in. The analysis of overall sentiment of trading Parnassus Funds mutual fund suggests that some investors are interested at this time. Parnassus Funds' investing sentiment can be driven by a variety of factors including economic data, Parnassus Funds' earnings reports, geopolitical events, and overall market trends.
Parnassus |
Parnassus Mid Cap Growth Fund Q3 2024 Commentary Seeking Alpha
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Parnassus Funds Fundamental Analysis
We analyze Parnassus Funds' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parnassus Funds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parnassus Funds based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Asset
Net Asset Comparative Analysis
Parnassus Funds is currently under evaluation in net asset among similar funds. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Parnassus Funds Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parnassus Funds mutual fund to make a market-neutral strategy. Peer analysis of Parnassus Funds could also be used in its relative valuation, which is a method of valuing Parnassus Funds by comparing valuation metrics with similar companies.
Peers
Parnassus Funds Related Equities
| PFGEX | Parnassus Funds | 0.85 | ||||
| PRILX | Parnassus Equity | 0.67 | ||||
| PRBLX | Parnassus Core | 0.67 | ||||
| PFPMX | Parnassus Mid | 0.13 | ||||
| PARMX | Parnassus Mid | 0.13 | ||||
| PFPWX | Parnassus Endeavor | 0.07 | ||||
| PARNX | Parnassus Fund | 0.03 | ||||
| PFPLX | Parnassus Fixed | 0.13 | ||||
| PRFIX | Parnassus Fixed | 0.20 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Funds financial ratios help investors to determine whether Parnassus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parnassus with respect to the benefits of owning Parnassus Funds security.
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